The month of March is now behind us and hopefully the snow will follow! As for the real estate market in Snohomish County, we have seen activity begin to pick up in all areas – buyers and sellers included. Did the FHA loan limit being raised help? Not really. Was it the weather? Certainly not! I believe it had more to do with fact that people are tired of hearing all the negative press on how “bad” things are, are beginning to think for themselves, are realizing that the economy really isn’t in the toilet like “they” say, and that now really is a good time to buy real estate. And why not? It’s on sale! Low interest rates, high inventory, and stable home prices are still in effect. This equals a great buyer’s market!

For a breakdown of March sales by price go to: http://www.joshuakoffler.com/uploads/SalesBreakdownbyMonth.xls .

Interest rates are still hovering around 6.0% with no points.